Bonus Trade Followup: LEH, XLE, QQQQ
Read the full article: http://www.condoroptions.com/2008/02/22/bonus-trade-followup...
This morning, we’re following up on three bonus trades that we’ve posted recently.
Our Energy ETF (XLE) trade, published on Tuesday, has worked out beautifully so far, so let’s start there! XLE fell $2.09 today, or 2.74%. We published three different ways to trade options on this ETF, and all of them have worked out nicely:
* The naked long XLE March 75 puts were $2.65; now they’re $3.00, which is a 13% gain in two days on a very high probability setup...
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